The Copyright Royalty Board should “start anew” in...
The Copyright Royalty Board should “start anew” in setting licensing fees for broadcast radio streaming services so the rates reflect a “willing buyer and willing seller” standard, said NAB in a news release Tuesday (http://bit.ly/ZRpxjB). The CRB requested comments on…
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rates and terms for webcasting statutory licenses to be set for Jan. 1, 2016 to Dec. 31, 2020. The comments were due Tuesday. Because many broadcasters don’t make money from streaming services, a “significant rate reset is necessary so that streaming can be a viable business that will allow broadcasters to provide streaming services to the audiences that rely on them and benefit from them,” said NAB in comments (http://bit.ly/1vRoFH6). “SoundExchange is seeking an increase in the per-performance rate, as well as a rate structure that requires services to pay the greater of that per-performance rate or a flat percentage of revenue,” it said in a news release Tuesday (http://bit.ly/1yNGzOS). “Streaming is becoming the preferred path to access music, and webcasting rates must reflect this market and economic reality,” said SoundExchange CEO Michael Huppe in the release.